Lesson Plan in Mathematics 11(GENERAL MATHEMATICS)

Prepared By: Ariel T. Villester

Date: June 15, 2021

I. Objectives:
At the end of the lesson, the students with 70% accuracy will be able to:
1. define simple interest;
2. compute simple interest, maturity value and present value; and
3. solve problems involving simple interest.

II. Subject Matter:

TOPIC: Simple Interest
Reference/s: Teaching guide for Senior High School- General Mathematics
Materials: Visual Aids, Flash Cards, Pictures, Cellphone (Messenger App),
Android TV, Laptop
Values: Develop a sense of financial awareness

III. Procedure:
A. Daily Routine: (5 mins.)
1. Prayer
2. Checking of Attendance
Leaders of each group will check if their members are present and in
complete uniform.
3. Review of the Past Lesson (ICT/EMPOWERMENT TECHNOLOGY Integration
– the use of Messenger App)
The teacher will show the questions aloud and the students will give
their answers by sending them through messenger (Group Chat).
B. Motivation: (Subject Integration – Applied Economics) (5 mins.)
The teacher will show pictures. The following questions will be asked.
1. What did you observe about the pictures?
2. Differentiate the given pictures.

C. Lesson Proper
1. Presentation: (5 mins.)
In Applied Economics, financial lesson is taught especially savings. When
you saved money in the bank, you will gain an interest paid by the bank. On the other hand, when you
borrow money, you are charged an interest on the amount you borrowed. The table shows the growth of
money when you save/borrow in the bank with simple interest.
AMOUNT SAVED IN THE BANK 1 YEAR 2 YEARS 3 YEARS FUTURE VALUE
WITH 6% simple interest PER after 3 years
ANNUM
Php 10,000 Php 600 Php 1,200 Php 1,800 Php 11,800
AMOUNT BORROWED IN THE
BANK WITH 5% simple interest
PER ANNUM
Php 20,000 Php 1,000 Php 2,000 Php 3000 Php 23,000

Questions:
1.How many percent is the interest when you saved in the bank? When you borrow in the bank? 2.How
does gained and charged interests computed?

.
 2. Discussion: (15 mins.)
-present a video presentation for better understanding of the topic
A debtor/borrower pays the bank an amount which is more than the amount they
borrowed. --An investor may withdraw from the bank more than the amount deposited. This additional
sum is called INTEREST.
-For every financial transaction, whether you borrowed or invested a certain amount P, a corresponding
percentage of the principal called interest is being paid. Simple Interest (Is) is the interest charged on the
principal alone for the entire duration or period t of the loan or investment, at a particular rate r. After the
term of the loan or investment, the maturity value or future value F is computed by getting the sum of the
principal and the interest due.

Formulas:
 I s=Prt

 F=P+ I s∨F=P+ Prt∨F=P(1+rt)

Is
 P= or P=F−I s
rt

Is
 t=
Pr

Is
 r=
Pt

***where I s−¿ simple interest

P−¿ principal
r −¿ rate of interest or simply rate
t−¿ time (in year)
F−¿ future value (or maturity value)

Note: If the given time is in months, it can be converted to year(s) by using the formula

number of months
t=
12

Lender or creditor – person (or institution) who invests the money or makes the funds available.

Borrower or debtor – person (or institution) who owes the money or avails of the funds from the lender.

Origin or loan date – date on which money is received by the borrower.

Repayment date or maturity date – date on which the money borrowed or loaned is to be completely
repaid.

Time or term (t) – amount of time in years the money is borrowed or invested; length of time between
the origin and maturity dates.

Principal or present value (P) – amount of money borrowed or invested on the origin date.

Rate of interest or simply rate (r) – annual rate, usually in percent, charged by the lender, or rate of
increase of the investment.

Interest (I) – amount paid or earned for the use of money.

Maturity Value or Future Value (F) – amount after t years that the lender receives from the borrower
on the maturity date; equal to the sum of principal and the interest earned.
ACTIVITY:
Complete the table below by solving the unknown quantities in each row.

Principal Rate Time Simple Interest Future Value

(P) (r) (t) (Is) (F)
1.) ₱40,000.00 2% 3 years
2.) 10% 5 years ₱2,500.00
3.) ₱100,000.00 1.5 years ₱3,600.00
4.) ₱250,000.00 4.5% ₱15,400.00
5.) ₱12,345.00 8.25% 9 months

D. Skills Work (10 mins.)

The class will be divided into 3 groups according to their interest with its
corresponding situation. They will be given problem and anwer what is being asked.
Group 1: (chronic illness)( they are going to present the answer through singing)
PROBLEM:
Mrs. Remeng is suffering from brain cancer, sad to say, she needs to
borrow Php 150, 000 in the bank for the medical fee with 4.5% interest per
annum.
Questions:

1. How much should she pay the interest yearly?

2. How much should she repay after 3 years?
3.How did you get your answer?

Group 2: (child labor) (they are going to present the answer through
NEWSCASTING)
PROBLEM:
Liza Soberano is a grade-9 student in VPCSMHS. She is forced to find a
part-time job to pay the 10% interest yearly loaned by her mother(who is now
unemployed, in the CARD Bank. She needs to pay Php 5,000 yearly.
Note: Minors or below 18 years old are allowed to work part time jobs as long as they
are given the minimum number of time according to RA No. 9231.
Questions:
1. How much was loaned by her mother in the card bank?
2. How much she should repay after 5 years?
3. How did you get your answer?
Group 3: (struck by calamities) (they are going to present the answer through
rap and dancing)
PROBLEM:
Cyrilene saved money in the bank with an amount of Php 25,000 last year 2015. Her house was
struck by typhoon Dante last month and it was totally damaged. She goes to the bank and withdraws all
her savings included its simple interest a total of Php 34,000.
1. How many percent is the simple interest yearly?
2. How much she would have if she withdrawed all her money last
year 2019?
3. How did you get your answer?

E. Generalization (5 mins.)
Simple Interest (Is) is the interest charged on the principal alone for the entire duration or period t of the
loan or investment, at a particular rate r.
IV. Evaluation: (10 mins.)
Answer the following problems involving simple interest. Write your complete solutions and
answers on a 1 whole sheet of paper.

1. Find the simple interest on a loan of ₱65,000.00 if the loan is given at a rate of 2% and is due in 5
years and 3 months?

2. How much money will you have after 4 years if you deposited ₱10,000.00 in a bank that pays 6%
simple interest?

V. Assignment:
Formulate own three problems that involve simple interest. Write the problems and its complete
solutions and answers on your notebook.

Prepared by:

ARIEL T. VILLESTER
TEACHER

Checked and verified by:

CYRILENE MAE G. PEDRANO

HT-I
CHECKED BY:

QUALITY ASSURANCE TEAM:

MARICAR J. CUNA CYRILENE MAE G. PEDRANO

MEMBER MEMBER

NONILYN A. RIVERA ROBERTO L. VILLAESTER

MEMBER MEMBER

REMEDIOS J. FABRIGA
CHAIRMAN